Coleman Cable, Inc. (CCIX)

Copperfields was sold by Spell Capital, which had serious challenges turning a profit. They are in an industry that has not seen a price increase in over 7 years due mostly to foreign price pressures, while seeing significant cost increases in salaries, healthcare, inflation, etc. 138.6M increase in sales to marry with a net income reduction from 9M to 4M doesn't bode well either. It appears to me that they are simply pushing dollars without benefit. I do not see an advantage in the near future. Remember, Copperfields bought Essex. 200M worth of sales that on paper, the company was worth 6M. Its the dog that caught the car. Now Coleman owns that dog.

The company has been a solid company and will continue to grow in a expanding market. Their only mistake last quarter was inexperiance with expressing themselves to the market. They have hired an PR Firm to do that for them and I expect to hear a big pop tomorrow.